Federal Signal (NYSE:FSS) Downgraded to Hold Rating by StockNews.com

StockNews.com lowered shares of Federal Signal (NYSE:FSS) from a buy rating to a hold rating in a report published on Monday morning.

Several other brokerages also recently issued reports on FSS. Raymond James reiterated an “outperform” rating and issued a $110.00 price objective on shares of Federal Signal in a research report on Tuesday, December 24th. DA Davidson cut their price target on Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th.

Federal Signal Stock Performance

NYSE FSS opened at $97.70 on Monday. Federal Signal has a 1-year low of $76.03 and a 1-year high of $102.18. The company has a 50 day moving average of $95.94 and a 200-day moving average of $92.86. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 28.32 and a beta of 1.01.

Institutional Trading of Federal Signal

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. ArrowMark Colorado Holdings LLC acquired a new position in Federal Signal during the 3rd quarter worth $28,863,000. Geode Capital Management LLC raised its position in shares of Federal Signal by 17.6% during the third quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock worth $149,727,000 after acquiring an additional 239,789 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Federal Signal by 113.4% during the third quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate’s stock valued at $37,200,000 after acquiring an additional 211,555 shares during the period. Franklin Resources Inc. boosted its holdings in Federal Signal by 26.7% in the third quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate’s stock valued at $59,523,000 after acquiring an additional 134,457 shares during the last quarter. Finally, Barclays PLC increased its position in Federal Signal by 338.7% in the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock worth $13,569,000 after purchasing an additional 112,092 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

About Federal Signal

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.